Monday, July 16, 2012

Online Purchases Soon To Be Taxed Nationwide

Online Purchases Soon To Be Taxed Nationwide: "Small companies who want to sell their products online are in real trouble. Some Republican governors, eager to enrich their thinning state coffers, are endorsing a tax that would be imposed on products sold online.According to the National Conference of State Legislatures Strapped, states could reap as much as $23 billion in new annual revenue.

New Jersey Gov. Chris Christie recently agreed to allow Amazon to collect sales taxes on his state's online purchases if they located distribution facilities there. He called taxation of online sales "an important issue to all the nation's governors" and endorsed federal legislation that would allow states to tax online purchases."